USD/JPY Technical Analysis (US Dollar / Yen) - Forex
International Business Times
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February 23, 2013 1:51 AM EST

Forextribe
Updated the:
02/22/2013
USD/JPY : A new annual high result of the takeover of the right in Japan

Sentiment :
sentiment sur la parité AUD/USD
92.37
sentiment sur la parité AUD/USD
92.37
sentiment sur la parité AUD/USD

--- Follow up analysis ---
The pair USD/JPY is moving horizontally since February between the support at 92.37 and the resistance at 94.18. On the short term, a triangle of consolidation is formed (blue lines). The price is currently testing the lower limit of the medium term bullish channel (brown lines).

We continue to advise long positions as far as 92.37 is support. An output of the triangle from the top would reinforce our bullish sentiment. The break of 94.18 resistance would mark the resumption of the uptrend background. We will then target 95 and 96 in extension.

In case of return below 92.37, a sell signal will be given. The output of the channel will be confirmed. A test of the long-term bullish slant (purple line) to 91 and 90.45 in extension will be expected.
Full analysis

Analysis published by Bruno, the 02/22/2013 at 8h45 GMT+2

- Complete sheet of the pair USD/JPY - Previous USD/JPY Analysis -
Chart of the pair USD/JPY - Timeframe 1H
USD/JPY Technical Analysis
Chart of the pair USD/CAD - Timeframe 4H
USD/JPY Technical Analysis
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